Vessel Unit Price definition

Vessel Unit Price means the unit price as specified in Part 1 of Schedule 1. “Warranty Period” means in respect of each Warranty Item, the period of 12 months
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Vessel Unit Price means the unit price as specified in Part 1 of Schedule 1.
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Vessel Unit Price means where there is only Item 1 specified in Part 1 of Schedule 1, the
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Examples of Vessel Unit Price in a sentence

  • Within seven working days of receipt of such notice, the Contractor shall give the Government a written estimate of any increase or decrease in the Vessel Unit Price and of any effect on the Implementation Plan including the Delivery Date as a result of the requested change.

  • Whilst the Tenderer is neither required nor encouraged to propose two or more different designs and/or models of the Vessel, a Tenderer wishing to do so shall submit two or more tenders, each tender with its own set of Technical Proposal and Price Proposal (comprising one single quotation of the Total Purchase Price and Vessel Unit Price) and covering just one design and model of the offered Vessel to which the tender relates.

  • All taxes and levies including without limitation export tariffs and value added tax chargeable by the place of manufacture and/or export from which the Vessel and any of the Equipment shall be delivered to Hong Kong shall be included and deemed to have been so included in the Vessel Unit Price or where applicable unit prices for the Spare Parts or other items.

  • If the proposed replacement is acceptable to the Government, the replacement brand and model shall henceforth be treated as part of the Equipment under the Contract for the purposes of all obligations of the Contractor concerning the Equipment; or (c) opting to do without such Equipment, in which case the Vessel Unit Price shall be reduced by an amount based on the unit price of the Spare Part of such Equipment as quoted in Schedule 1 or otherwise to be agreed between the parties.

  • Subsequent Advance Payment Bond in respect of the second or third instalment of the Vessel Unit Price in respect of a Vessel shall have the guarantee period as specified in Clause 8 of Annex A to this Part (“Guarantee Period (2)”).

  • The Advance Payment Bond in respect of the each instalment of the Vessel Unit Price in respect of each Vessel shall have the guarantee period as specified in applicable version of Clause (7) of Annex A to this Part IV (“Guarantee Period (2)”).

  • It is a requirement of the Contract that, inter alia, the Guarantor executes this Guarantee as an Advance Payment Bond in favour of the Government in relation to the *[1st instalment of 10% the Vessel Unit Price] *[the 2nd instalment (20%) of the Vessel Unit Price ] *[3rd instalment (20%) of the Vessel Unit Price ] *[ in respect of a Vessel (with Vessel Number []) “Relevant Vessel”].]*[Editorial Note: please delete the inapplicable part.

  • The Vessel Unit Price for each Vessel shall, in addition to any other applicable deduction, withholding and retention under other terms of the Contract, be subject to a retention of such percentage as specified in Schedule 3 (Payment Schedule and Retention Money).

  • In the case the Delayed Item which is any Equipment to be installed on the Vessel or any Spare Part or any of the Warranty Spare Part, if any liquidated damages are stated to be payable in Schedule 4, the cap on the total amount of liquidated damages payable per Delayed Item shall be equal to 1% of the Vessel Unit Price.

  • In this connection, the Government reserves the power to seek clarification with the Tenderer as to whether it has submitted only one single Total Purchase Price and one single Vessel Unit Price in Schedule 1 of Part V any time before the price evaluation.


More Definitions of Vessel Unit Price

Vessel Unit Price means the unit price as specified in Part 1 of Schedule 1.“Warranty Period”means in respect of each Warranty Item, the period of 12 months commencing from the date of the Acceptance Certificate covering that Warranty Item, as the same may be extended in accordance with Annex 1 to the Technical Specifications.“Warranty Items”has the meaning given to the term in Annex 1 to the Technical Specifications.“Warranty Services”means the Warranty Services to be provided by the Contractor in respect of each Warranty Item as specified in the Contract including without limitation Annex 1 to the Technical Specifications.“Warranty Spare Parts”means spare parts (excluding the items listed in Part 2 of Schedule 1) to be supplied by the Contractor as part of the Warranty Services or otherwise under its obligations as specified in the Technical Specifications.“Warranties”has the meaning given to it in Clause 19.2 of this Part IV.“Work” or “Services”means all work to be performed by the Contractor including(a) all those work to ensure that the Vessel, the Equipment and the Deliverables to be delivered to the Government comply with the Overall Specifications, and pass the Technical Acceptance and Delivery Acceptance; (b) the Warranty Services; and (c) the Guarantee Slipping.“working day”means Monday to Friday other than a public holiday (as defined in the Interpretation and General Clauses Ordinance (Cap. 1 of the Laws of Hong Kong)) or a day on which Tropical Cyclone Warning Signal No. 8 or above is hoisted or a Black Rainstorm Warning Signal or “extreme conditions after super typhoon” announced by the Government is/are in force, for any duration during 9:00 to 17:00 in Hong Kong.
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Vessel Unit Price means the unit price for individual Vessel as specified in Part 1
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Vessel Unit Price means the unit price for individual Vessels as specified in Part 1 of
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Vessel Unit Price means the sub-total price for Vessels Items 1 to 5 as specified in Part 1 of Schedule 1 and divided by 5.
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Vessel Unit Price means the unit price for a Vessel as specified in Schedule 1.
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Related to Vessel Unit Price

  • Contract Unit Price means the total price per unit charged to DLA Troop Support for a product delivered to DLA Troop Support’s customers. The Contract unit price consists of three components: delivered price plus distribution price less Government rebates and discounts. The unit price sum of the three component prices shall be rounded up or down as applicable, to the nearest cent to determine the final Contract unit price.

  • Initial Unit Price means (a) with respect to the Common Units and the Subordinated Units, the initial public offering price per Common Unit at which the Underwriters offered the Common Units to the public for sale as set forth on the cover page of the prospectus included as part of the Registration Statement and first issued at or after the time the Registration Statement first became effective or (b) with respect to any other class or series of Units, the price per Unit at which such class or series of Units is initially sold by the Partnership, as determined by the General Partner, in each case adjusted as the General Partner determines to be appropriate to give effect to any distribution, subdivision or combination of Units.

  • Unit Price means an amount stated in the Bid for which Bidder offers to perform the Unit Price Work for a fixed price per unit of measurement.

  • Common Unit Price has the meaning specified in Section 2.1(b).

  • Unit Price Work means the Work, or a portion of the Work, paid for based on incremental units of measurement.

  • Ton means a ton of two thousand two hundred and forty (2,240) lbs. net dry weight;

  • Wholesale price or "WSP" shall mean the greater of (i) the first published price of the Licensed Product offered to retailers by Publisher as evidenced by a sell sheet or price list issued by Publisher, or (ii) the actual price paid by retailers upon the first commercial shipment of a Licensed Product without offsets, rebates or deductions from invoices of any kind.

  • tons means the gross tonnage calculated in accordance with the tonnage measurement regulations contained in Annex I of the International Convention on Tonnage Measurement of Ships, 1969; the word “tonnage” shall be construed accordingly.

  • Firm price means the price that is only subject to adjustments in accordance with the actual increase or decrease resulting from the change, imposition, or abolition of customs or excise duty and any other duty, levy, or tax, which, in terms of the law or regulation, is binding on the contractor and demonstrably has an influence on the price of any supplies, or the rendering costs of any service, for the execution of the contract;

  • Initial Price or “Initial Offer” means the price per Unit on the first day of the Initial Period determined by the Management Company.

  • Unit Price Arrangement means that part of the Contract that prescribes the product of a price per unit of measurement multiplied by a number of units of measurement for performance of the Work to which it relates;

  • Contract Price means the price payable to the supplier under the contract for the full and proper performance of his contractual obligations.

  • Final Price means (a) in the case of any Terminated Obligation, the amount determined pursuant to Clause 4, and (b) in the case of any Repaid Obligation, the amount determined pursuant to Clause 5, and

  • Supply Price has the meaning set forth in Section 6.2.

  • The Price means the price payable to the Supplier under the Contract for the full and proper performance of its contractual obligations.

  • Day-ahead System Energy Price means the System Energy Price resulting from the Day- ahead Energy Market.

  • British thermal unit or "Btu" means the amount of heat

  • Auction Final Price means the relevant auction final price that may be published by ISDA or any administrator of any auction coordinated by ISDA from time to time and that would be applicable to the senior, unsecured debt obligations issued or guaranteed by the relevant

  • Contract Quantity means the quantity of Gas to be delivered and taken as agreed to by the parties in a transaction.

  • Gallon means a United States gallon of two hundred thirty-one cubic inches of liquid at 60º Fahrenheit, and at the equivalent vapor pressure of the liquid.

  • Tanker in relation to chapter 4 means an oil tanker as defined in MARPOL Annex I, regulation 1 or a chemical tanker or an NLS tanker as defined in MARPOL Annex II, regulation 1.

  • SAFE Price means the price per share equal to (x) the Valuation Cap divided by (y) the Fully Diluted Capitalization.

  • The Contract Price means the price payable to the Supplier under the Contract for the full and proper performance of its contractual obligations.

  • Unrecovered Initial Unit Price means at any time, with respect to a Unit, the Initial Unit Price less the sum of all distributions constituting Capital Surplus theretofore made in respect of an Initial Common Unit and any distributions of cash (or the Net Agreed Value of any distributions in kind) in connection with the dissolution and liquidation of the Partnership theretofore made in respect of an Initial Common Unit, adjusted as the General Partner determines to be appropriate to give effect to any distribution, subdivision or combination of such Units.

  • Barrel means forty-two (42) United States gallons of 231 cubic inches of sixty degrees Fahrenheit (60ºF) and equilibrium vapor pressure.

  • Day-ahead Loss Price means the Loss Price resulting from the Day-ahead Energy Market.